.- If you're going after a seller finance deal I think once you understand what it will take to get to a finished state its simply a matter of aligning your needs as far as short term cashflow with the current rents/situation, with the net number the seller needs after the refinance.  

.: Henry, I don't usually read through a lengthy story but, glad I did!

@Derek Heinz you might be better off finding a major fixer-upper, getting a hard money loan (HML) to acquire it. 

They’re requesting what feels like an unreasonable amount of information, and the demands keep escalating.So far, they’ve asked for:A video tour of my home officeCredit checks on me and my partnerCopies of the deeds for every property we ownA copy of my partner’s home lease and utility billsBusiness phone billsA signed letter from the bank verifying our accountsBank statementsHonestly, it feels more like qualifying for a loan than trying to become a customer.

Also, first thing, AirBNB is a platform where you list your Short Term Rental. 

Many people choose Memphis because the market offers a good balance of cash flow and long-term appreciation.

I concur with @Joe Davis and do the same with my company, however I refer other loan types outside of Transactional Funding loans to others.

I’m based in Utah and plan to invest in long-term rentals in UT, OK, and/or TX.

Yeah the law changed I believe back in 2020.You cannot do short term rental with an HPR unless you own both sides.   

@Matthew DrouinThe one I'm looking at right now is a smaller 8-unit project - only around a $100-125k equity raise + loan guarantee.